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Young Conaway Settles Investors' Shipwreck Treasure Suit

Law360, New York (August 24, 2016, 5:35 PM EDT) -- Delaware firm Young Conaway Stargatt & Taylor LLP has settled a $13.6 million racketeering suit brought by an investor group that said it lost millions in a fraudulent sunken treasure scheme the firm supported, according to a Wednesday court filing.

The federal suit, first filed two years ago, accused the firm and partner Bruce L. Silverstein of working with real estate speculator Jay Miscovich to lure investors into the recovery of thousands of precious emeralds Miscovich said he discovered in a Gulf of Mexico shipwreck with...
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Case Information

Case Title

Azalp LLC v. Young Conaway Stargatt & Taylor LLP et al


Case Number

4:14-cv-10079

Court

Florida Southern

Nature of Suit

Racketeer/Corrupt Organization

Judge

Jose E. Martinez

Date Filed

October 3, 2014

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